The Anna Maria Island Sun Newspaper


Vol. 17 No. 13 - January 11, 2017

REAL ESTATE

We're not alone with our rental problems

 

You'll be happy to know that our short-term rental issues are right up there with one of the major cities in the world and for mostly the same reasons.

In spite of fears of terrorism since 911, New York City continues to be one of the most visited places on earth. Just imagine 50 million annual visitors to an island that is 13.4 miles long and just 2.3 miles wide. By comparison, Anna Maria Island is 7 miles long and 2 miles wide, not that much smaller than Manhattan. So where do these 50 million stay during the course of the year? It's a problem that has been somewhat addressed by Airbnb.

Airbnb is an online community marketplace that connects people looking to rent their homes or space within their homes with people who are looking for accommodations. It has been hugely successful and fills a much needed void for visitors to New York and other expensive regions who can't afford a $400 a night hotel room.

However, New York's Gov., Andrew Cuomo signed a bill penalizing some Airbnb hosts with steep fines up to $7,500 targeting Airbnb advertisers. The fines are levied in violation of a state law that was passed in 2010, but never enforced, that bars rentals under 30 days in multiunit New York City buildings if the owner or tenant isn't home during the guest's stay.

People who support the bill point out that Airbnb has exacerbated a shortage of affordable housing by turning them into short term rentals. In addition, residents of Airbnb units frequently complain that they have no idea who may be living next door to them on an almost daily basis, creating noise and other quality of life issues.

People against the bill say that tourists and students are losing out on the ability to travel to New York, as well as not providing a stream of income for homeowners who may need the extra funds. Not surprisingly, shortly after the bill was signed, a lawsuit was filed in Federal District Court alleging that the bill "imposes significant immediate burdens and irreparable harm on Airbnb."

All of this sounds familiar to residents of Anna Maria, who have been fighting the short-term rental war for several years now. All three cities are either looking at ways to limit the renters or have already imposed restrictions about parking, quiet hours, limits on number of people renting one property, as well as time restrictions. This has created the flood of Bert Harris lawsuits also claiming burdens, irreparable harm and loss of income on property owners.

Anna Maria also has its share of vacation properties advertised on Airbnb and Vacation Rentals By Owner (VRBO) in addition to local real estate companies. So far, I haven't read anything about restrictions specifically aimed at these on-line marketplaces. Where this will all end if it ever ends is an ongoing discussion, with pros and cons on both sides.

You may not actually be happy about New York City's problems, but you can certainly sympathize with them. When you're fortunate to live someplace where everyone wants to visit, whether it's a city or a beach, your life will be impacted by those visitors who just want a piece of the action. A good thing to remember as the traffic creeps along on Gulf Drive next month.

Real Estate Transactions
Real estate transfers of October-November 2016 •Sponsored by Alan Galletto, Island Real Estate
Source: Mid Florida Multiple Listing Service

Sold Date | List Price | Sold Price | Address | Provision | Property Style

Anna Maria

2016-10-25 699,900 655,000 212 Willow Ave 1968  3 Br/2 Ba SFR
2016-10-27 1,250,000 1,250,000 775 N Shore Dr 1549 3 Br/2 Ba SFR
2016-10-27 650,000 765,000 512 Kumquat Dr 36x59x124x134 Lot
2016-10-14 550,000 515,000 515 Villa Rosa Way 77x87x113x107 Lot
2016-11-04 849,000 800,850 208 Archer Way 1898 3 Br/2 Ba SFR
2016-11-30 1,150,000 1,100,000 811 S Bay Blvd 2541 3 Br/2 Ba SFR
2016-11-21 1,295,000 1,225,000 218 Palm Ave 2200 4 Br/3 Ba SFR
2016-11-09 1,499,000 1,500,000 118 Maple Ave 2133 4 Br/3 Ba SFR
2016-11-01 2,500,000 2,500,000 773 N Shore Dr 1600 3 Br/3 Ba SFR
2016-11-08 4,500,000 3,950,000 717 N Shore Dr 3012 3 Br/2.5 Ba SFR
2016-11-16 649,000 600,000 702 Gladiolus St 1248 52 x 100 Duplex

Bradenton Beach

2016-10-21 239,900 220,000 2312 Avenue C #11 651 2 Br/1 Ba Condo
2016-10-05 299,500 295,000 2401 Gulf Dr N #3 667 2 Br/1 Ba Condo
2016-10-13 290,000 295,000 1801 Gulf Dr N #249 1080 2 Br/2 Ba Condo
2016-10-28 317,000 297,000 1801 Gulf Dr N #167 1080 2 Br/2 Ba Condo
2016-10-13 435,000 409,000 1000 Gulf Dr N #9 450 1 Br/1 Ba Condo
2016-10-05 570,000 560,000 1465 Gulf Dr N 1524 3 Br/2.5 Ba Townhouse
2016-11-09 1,650,000 1,650,000 2201 Avenue A 4793 5 Br/53.5 Ba SFR
2016-11-21 189,000 180,000 1603 Gulf Dr N #31 380 1 Br/1 Ba Condo
2016-11-01 239,000 229,000 308 2nd St N #202 520 1 Br/1 Ba Condo
2016-11-03 469,000 435,000 1007 Gulf Dr N #212 1259 2 Br/2.5 Ba Condo
2016-11-30 479,000 465,000 254 17th St #24 1268 2 Br/2 Ba Condo
2016-11-28 610,000 585,000 1473 Gulf Dr N #24 1524 3 Br/2.5 Ba Condo
2016-11-02 485,000 425,000 1701 N Gulf Dr 1113 43.0x98

Cortez

2016-10-28 1,449,000 1,375,000 12909 42nd Ter W 3209 53x121x54x124 4 Br/4 Ba SFR
2016-10-17 409,800 390,000 4104 128th St W #706 1994 2 Br/2 Ba Condo
2016-11-25 589,900 555,000 3905 Mariners Wk 811 2135 3 Br/2.5 Ba Condo
Date Closed List Price Sold Price Property Address SFUA Lot Size Description

Holmes Beach

2016-10-31 375,000 360,000 414 80th St 866 2 Br/2 Ba SFR
2016-10-31 499,000 475,000 2920 Avenue C 1500 75x104 3 Br/2 Ba SFR
2016-10-18 609,000 555,000 510 68th St 1494 3 Br/2 Ba SFR
2016-10-27 724,900 695,500 7304 Holmes Blvd 1592 2 Br/2 Ba SFR
2016-10-12 1,690,900 1,610,000 510 58th St 4100  4 Br/5 Ba/2 .5 Ba SFR
2016-10-31 322,100 302,000 3000 Gulf Dr #1 756 1 Br/1 Ba Condo
2016-10-10 329,900 310,000 3801 E Bay Dr #107 1121 69 x 246 2 Br/2 Ba Condo
2016-10-24 319,000 310,000 6500 Flotilla Dr #235 1140 2 Br/2 Ba Condo
2016-10-14 349,000 325,000 6500 Flotilla Dr #126 985 2 Br/2 Ba Condo
2016-10-21 685,000 665,000 303 74th St #A 1400 3 Br/2 Ba Condo
2016-10-03 1,288,000 1,020,000 216 52nd St 3155 4 Br/3 Ba Condo
2016-10-07 379,900 365,000 6401 Holmes Blvd #B 960  2 Br/2 Ba Half Duplex
2016-11-18 399,000 385,000 21 Seaside Ct 1050 2 Br/2 Ba SFR
2016-11-07 499,000 465,000 7606 Marina Dr 1568 3 Br/2 Ba SFR
2016-11-01 550,000 540,000 502 69th St 1180 97x103 2 Br/2 Ba SFR
2016-11-30 529,000 570,000 532 Key Royale Dr 2300 4 Br/3 Ba SFR
2016-11-21 759,900 675,000 307 Clark Dr 1600 3 Br/2 Ba SFR
2016-11-30 850,000 820,000 604 Gladstone Ln 1990 3 Br/2.5 Ba SFR
2016-11-08 889,000 860,000 308 55th St 1981 76 x 99 3 Br.5 Ba SFR
2016-11-28 985,000 895,000 312 60th St 2356 4 Br/3 Ba SFR
2016-11-23 1,200,000 1,05,0000 211 Haverkos Ct 2674 4 Br/2.5 Ba SFR
2016-11-10 1,390,000 1,100,000 5601 Flotilla Dr 3144 3 Br/2 Ba SFR
2016-11-28 239,900 229,900 448 63rd St 740 7 Br/6 Ba Attached SFR
2016-11-15 297,900 280,000 6500 Flotilla Dr #157 1377 2 Br/2 Ba Condo
2016-11-10 399,000 370,000 6500 Flotilla Dr #193 1295 2 Br/2 Ba Condo
2016-11-07 499,900 479,000 3013 Avenue F #U25 984 2 Br/2 Ba Condo
2016-11-18 575,000 540,000 2909 Avenue E 1697 50x100 Duplex
2016-11-04 549,000 528,000 305 62nd St #A 1564 75 x 101 Duplex
2016-11-14 1,175,000 1100,000 535 70th St. 66x116x186x125 Lot


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